Objective

The GAMCO Global Growth Fund primarily seeks to provide investors with appreciation of capital. Current income is a secondary objective of the Fund.

Principal Investment Strategies:
Under normal market conditions, the Fund will invest at least 65% of its total assets in common stocks of
companies which the portfolio manager believes are likely to have rapid growth in revenues and earnings and potential for above capital appreciation. The Fund invests primarily in common stocks of foreign
and domestic small-capitalization, mid-capitalization and large-capitalization issuers. As a "global" fund, the Fund invests in securities of issuers located in at least three countries, and at least 40% of the Fund's total net assets is invested in securities of non-U.S. issuers.

To achieve the Fund's primary objective of capital appreciation, the Adviser's portfolio management team for the Fund employs a disciplined investment program focusing on the globalization and interactivity of the world's market place. The Fund invests in companies at the forefront of accelerated growth.

Portfolio details

Returns represent past performance and do not guarantee future results. Current performance may be lower
or higher than the performance data quoted. Investment return and principal value will fluctuate so, upon
redemption, shares may be worth more or less than their original cost. To obtain the most recent month end
performance information and a prospectus, please call 800-GABELLI or visit www.gabelli.com

The Fund invests in foreign securities which involves risks not ordinarily associated with investments in domestic issues, including currency fluctuation, economic and political risks. Small capitalization stocks are subject to significant price fluctuations and business risks. The stocks of smaller companies may trade less frequently and experience more abrupt price movements than stocks of larger companies; therefore, investing in this sector involves special challenges.

The Fund's share price will fluctuate with changes in the market value of the Fund's portfolio securities. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you
sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose
money by investing in the Fund.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. The prospectus, which contains more complete information about this and other matters, should be read carefully before investing. To obtain a prospectus, please call 800-GABELLI or visit www.gabelli.com.

The Gabelli Mutual Funds are distributed by G.distributors, LLC., a registered broker-dealer and member of FINRA.